OSI Systems (NASDAQ:OSIS) Cut to Sell at StockNews.com

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research report report published on Monday morning.

Several other research analysts have also issued reports on OSIS. Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm increased their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.40.

OSI Systems Stock Performance

NASDAQ OSIS opened at $219.60 on Monday. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The stock has a market cap of $3.69 billion, a PE ratio of 28.26, a PEG ratio of 1.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm’s fifty day moving average price is $183.33 and its two-hundred day moving average price is $161.42.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, equities analysts expect that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Activity

In other OSI Systems news, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the transaction, the insider now owns 80,603 shares of the company’s stock, valued at $14,539,975.17. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the transaction, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,447 shares of company stock worth $5,519,962. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OSIS. State of Wyoming grew its stake in shares of OSI Systems by 1.9% in the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after buying an additional 51 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 61 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after purchasing an additional 74 shares in the last quarter. Finally, Truvestments Capital LLC grew its position in OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.